Warsh Seeks to Cut Back on Fed Meetings Frequency

U.S. Federal Reserve Chairman Kevin Warsh has suggested reducing the frequency of the Fed's interest-rate-setting meetings, according to a report by The New York Times.

This move would mark a significant change in the way the Fed operates and would cut back on the information made available to Wall Street and the public about interest rate policy and the state of inflation and employment.

The current schedule, established in 1981 under former Chair Paul Volcker, includes eight regular meetings per year. However, in emergency situations, such as during the COVID-19 pandemic or the 2007-2009 global financial crisis, the Fed has convened unscheduled meetings to address pressing issues.